In December 2025, HIVE Digital Technologies produced 306 Bitcoin, a 197% increase compared with 103 Bitcoin in December 2024. This outperformance occurred despite a 40% year-over-year rise in global mining difficulty, thanks to a sustained average hashrate of 23.3 EH/s (peaking at 24 EH/s) and fleet efficiency of 17.5 J/TH. Daily output averaged 9.9 BTC, representing month-over-month growth of 6% and quarter-over-quarter growth of 23%. HIVE’s geographically diversified operations across three continents and nine time zones ensured uptime and resilience during seasonal weather volatility in the Northern Hemisphere.

For the full calendar year 2025, HIVE mined 2,311 Bitcoin, up 31% from 1,770 Bitcoin in 2024. This achievement came despite the Bitcoin halving event and an annual average network difficulty increase of 46%. The company’s disciplined execution and technology upgrades drove operational leverage: BTC per EH/s reached 13.2, while average fleet efficiency improvements lowered energy consumption and boosted margins. Maintaining over 2% of the global network underscores HIVE’s scale and reliability in the digital infrastructure sector.

HIVE plans to add 100 MW of hydroelectric-powered capacity at its Yguazú campus in Paraguay, targeting full commissioning in Q3 2026. Long-lead substation components have been ordered and deployment will follow a strict ROIC framework to maximize free cash flow. Upon completion, HIVE’s total renewable energy footprint will be approximately 540 MW—400 MW in Paraguay and 140 MW across Canada and Sweden. Management expects the expansion to further enhance margins, support AI compute services, and strengthen the company’s dual-engine model of Bitcoin mining and GPU-accelerated computing.